Finance

In a major boost for electric mobility in Kenya, the country’s largest commercial bank, KCB Bank Kenya Limited, a subsidiary of KCB Group Plc, has partnered with BasiGo to finance electric buses for public transport operators. KCB  customers in the Public Service Vehicle (PSV) industry will now be able to access flexible financing options in a deal between KCB Bank Kenya and BasiGo Ltd. BasiGo is an e-mobility startup and financing company supplying electric bus services to sub-Saharan Africa. The partnership announced today will see customers enjoy up to 90%...

Ministers and high-ranking officials of African nations have urged rich countries to do more to combat the climate crisis, and called the failure to meet a funding promise from 2009 “shameful”.At a conference in Giza, Egypt, on Wednesday in the run-up to next month’s UN climate summit, Wael Aboulmagd, Egypt’s special representative for Cop27, attacked wealthier nations for not honouring an agreement to provide $100bn (£87.5bn) a year to developing countries by 2020.The sum was pledged during Cop15 in Copenhagen to help cut greenhouse gas emissions and cope with the...